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Markets see no BoE cut, but doves hover
Soft jobs and strong services keep dollar bid. Easing ahead but not fully priced. A pause in the pressure.
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BoE in focus: Sterling on the edge
USD gains in October as markets weigh Fed’s ‘two and done’ path. Sterling on shacky grounds. EUR may find its footing into year-end.
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Eased, not eased up
Fed holds the line, trade lifts. 1.16 still holding the line. Traders bet on more pound pain.
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Still no data to hydrate conviction
Why the bifurcated economy defies recession calls. Treading water at 1.16. Sterling softens, as cuts creep in.
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Metals melt down
Immune to noise, hungry for data. France risk meets 1.16. Soft prints, softer sterling.
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Earnings roar past expectations
Strong earnings and global calm ease banking jitters. Mean reversion, minus momentum. Pressure points – front to long end.